Oh The Terrible Irony! Loans For SUV’s Cost More Than Car’s Worth.

Really people, this is why before you spend a couple thousand dollars you should read some eco-websites. People have been screaming about the high cost of oil for YEARS…you have no one but yourself to blame for purchasing that overprices, under-performing piece of crap SUV. (emphasis is mine)

Oh Irony thy name is SUV!  If you thought high oil prices were bad this summer, just wait till next summer...
Oh Irony thy name is SUV! If you thought high oil prices were bad this summer, just wait till next summer...

The market for sport utility vehicles is starting to look a lot like the housing market, spreading pain to consumers, automakers and dealers.

Matthews-Hargreaves Chevrolet, usually a big seller of sport utility vehicles, has had little luck luring customers with sales.
Fabrizio Costantini for The New York Times

Sales of the Explorer sport utility vehicle, long a moneymaker for Ford Motor, are on pace this year to be their lowest ever.

Even the vocabulary is sadly familiar. Bloated inventories? Days spent on the market?

Well, in July, General Motors dealers had a 174-day supply of the Yukon XL/Suburban on hand, on average, up from a 92-day supply a year earlier. Inventory of the Chevrolet C/K Suburban nearly doubled over the same period, to 116 days from 63 days.

Just like hapless homeowners, countless car owners are now “underwater,” driving vehicles that are worth less than the balance on their car loans. And just like desperate homeowners, the sellers of S.U.V.’s are having to painfully cut asking prices. (via)

Yea so if you went out and got yourself the ford behemoth or the Chevy massive during the height of the media, myself, and just about everyone else (except the sales person at the lot) screaming about oil this and oil that, so sorry, enjoy your shitty car, and high gas bills. Those people weren’t just talking so that they could hear themselves speak, they were trying to SAVE YOU MONEY. Maybe next time you will listen. For all of you who purchased a bicycle, good job you are future ready.